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vaieri [72.5K]
3 years ago
5

Sleek Designs Inc. is producing its first eReader. The company is striving to overcome some of the issues communicated by custom

ers about competitive products including screen glare and product bulkiness. Sleek Designs Inc. is using a ________ approach in their new product development process.
A) customer-centeredB) team-basedC) sequentialD) supply/demandE) systematic
Business
1 answer:
zlopas [31]3 years ago
8 0

Answer:

The correct answer is A) customer-centered.

Explanation:

A new way of doing business makes its way. Those who have chosen it work hard to place customers at the genuine center of the entire business. Customer centrality is a holistic approach to offer products and services to customers looking for a first-class experience before, during and after their purchase. A customer-centered business triumphs by providing better experiences than its direct competitors.

There are certain important aspects that companies that practice customer centrality dominate:

  • They know their customers.
  • They design experiences focused on their customers.
  • They evaluate and follow metrics focused on their customers.
  • They empower the team to provide a customer-centric experience.
You might be interested in
Investments and loans base their interest calculations on one of two possible methods: the the interest and interest methods. Bo
Ghella [55]

Answer:

  • Compound Interest ⇒ FV = PV x (1 + I ) ^N
  • Simple Interest ⇒ FV = PV x I x N

Explanation:

With compound interest the rate of growth needs to be compounded which is why the time period is used to exponentially adjust it.

With simple interest there is no compounding so the value is simply the interest that will be earned every period (which is a constant value) multiplied by the number of periods and the amount to be invested.

3 0
3 years ago
_________ typically involves researching a specific market to determine its size, trends and potential.
liberstina [14]

Answer:

correct fill up is marketing research

Explanation:

solution

marketing research is typically involves researching  because marketing research basic reason is for carrying out research to findout  change in  consumer behavior due to change in element of the marketing mix

like product , prize , size, tread and potential etc

and it involves 2 types of data

  1. Primary information
  2. Secondary information

Market research always provide relevant data to help you for solve marketing challenges

so here correct fillup is marketing research

5 0
3 years ago
A financier plans to invest up to $400,000 in two projects. Project A yields a return of 11% on the investment of x dollars, whe
Alika [10]

Answer:

Profit = $  49,600.

Explanation:

Given data:

Total investment $400,000

First, A + B = $400,000, since total money to invest $400,000.

from data given we  have

Secondly, your revenue equation would be 1.1x + 1.15y = R

Since you earn the most from the B investment, use the max of 35% of 400,000 for y:

35% of 400,000 = 140,000 = y ;

400,000 - 140,000 = 260,000 = x

from revenue equation we have

1.11(260,000) + 1.15(140,000) = 449,600 = R

Profit = revenue - investment = 449,600 - 400,000 = 49,600.

3 0
3 years ago
The cost for a carton of milk is $3, and it is sold for $5. When the milk expires, it is thrown out. You also know that the mean
svetlana [45]

Answer:

a) $3

b) $2

c) 1449

Explanation:

Given:

The cost for a carton of milk = $3

Selling price for a carton of milk = $5

Salvage value = $0        [since When the milk expires, it is thrown out ]3

Mean of historical monthly demand = 1,500

Standard deviation = 200

Now,

a) cost of overstocking = Cost  for a carton of milk - Salvage value

= $3 - $0

= $3

cost of under-stocking = Selling price - cost for a carton of milk

= $5 - $3

= $2

b)  critical ratio = \frac{\textup{cost of under-stocking }}{\textup{cost of overstocking + cost of under-stocking }}

or

critical ratio = \frac{\textup{2}}{\textup{3 + 2}}

or

critical ratio = 0.4

c) optimal quantity of milk cartons = Mean + ( z × standard deviation )

here, z is the z-score for the critical ration of 0.4

we know

z-score(0.4) = -0.253

thus,

optimal quantity of milk cartons = 1,500 + ( -0.253 × 200 )

= 1500 - 50.6

= 1449.4 ≈ 1449 units

4 0
3 years ago
Which option is an example of labor as a factor of production?
dolphi86 [110]

Answer:A

Explanation:

8 0
3 years ago
Read 2 more answers
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